The St Barbara Limited (ASX: SBM) share price is heavily into the red in early afternoon trade on Wednesday.

This follows the ASX gold miner issuing its FY23 guidance and postponing its full-year results presentation by a week.

The St Barbara share price is currently the worst performer among the S&P/ASX 200 Index (ASX: XJO) today.

What did St Barbara announce?

St Barbara has issued its FY23 guidance after receiving final approval conditions for a tailings lift at its Atlantic Operations. This provided “certainty of business continuity” for the financial year.

The company is guiding consolidated gold production of between 280,000 and 315,000 ounces in FY23. This range represents an increase on St Barbara’s FY22 production of 280,746 ounces (guidance achieved).

However, costs are going to be higher in FY23, the company says.

It forecasts an all-in sustaining cost (AISC) of between $2,050 and $2,150 per ounce in FY23. This is an increase on its FY22 AISC of $1,848 per ounce as reported in its Q4 FY22 results on 27 July.

Why are costs increasing?

St Barbara explained that increased costs at Leonora were related to “rising energy, labour and consumables costs, coupled with a 23% increase in material mined”.

According to the statement:

In the second half [of] the year the [Touquoy] plant will process stockpiled material which results in an elevated AISC forecast as the cost of building the stockpiles was incurred in prior years and accounted for on the balance sheet.

From a cashflow perspective, Atlantic is forecast to be positive, as the cash cost of moving stockpiles to the processing plant is significantly less than the current cost of open pit mining.

Simberi returns to full production in FY23 which has resulted in higher production and lower AISC.

What’s next for St Barbara?

The $6 million tailings lift will enable construction to extend the life of the Touquoy mine until June 2023.

Touquoy will cease open pit mining at the end of December 2023.

The company says it has sufficient stockpiles at Touquoy to ensure continued gold production from the Atlantic Operations until December 2024.

The company said it “will continue to deploy the ‘Province Plan Thinking’ used at Leonora to the Atlantic Operations”. It said this “will focus the Company on value add growth in two provinces”.

The longer-term Atlantic Province Plan will include Beaver Dam and Fifteen Mile Stream. St Barbara expects final permits for Beaver Dam prior to December 2024.

St Barbara is expecting some regulatory determinations in relation to the Beaver Dam and Fifteen Mile Stream this month. The gold miner says they will have “an implication on the non-cash impairment charge in the FY22 Financial Results due to the impact on project timelines”.

St Barbara has therefore decided to postpone its full-year results presentation from 25 August to 31 August.

This will “ensure that the best opportunity is provided for all relevant information to be available and considered, assuming that this assessment is made known before 31 August”.

The post Why is ASX 200 gold share St Barbara sliding 10% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Centuria Capital Group (ASX: CNI) share price is lifting nearly 3% higher in afternoon trade following the release of its FY22 results.

At the time of writing, shares in the real estate player are swapping hands at $1.91 apiece, up from the previous close of $1.86.

Centuria share price buoys from FY22 profitability

Key takeouts from the year include:

• Total operating revenue of $292.6 million, up 38% from FY21
• FY22 operating earnings of 14.5 cents per share (cps), representing a 20.8% gain on the prior corresponding period (pcp)
• FY22 distribution of 11.0cps, signifying a 10% gain on the pcp
• Management guides for operating earnings of 14.5cps and a distribution of 14.5cps in FY23
• Strong assets under management (AUM) growth of 18% year on year to $20.6 billion
• FY22 gross real estate activity comes to $3.1 billion
• Still another $2.1 billion in the company’s development pipeline

What else happened for Centuria?

The company says it experienced strong acquisition activity in FY22, securing $3.1 billion of gross real estate activity.

This was a record of the group, and a “direct consequence of a disciplined acquisition strategy coupled with enhanced platform scale,” it said.

Operating revenue grew by 38% year on year whereas management fees also grew 77% to more than $146 million.

Meanwhile, transaction fees also increased by 162% year on year to around $39 million, whilst Centuria also recognised $33 million of performance fees.

As a result, operating net profit after tax (NPAT) was $114 million, well up from $70 million in FY21, whereas the distribution per security increased to 11cps from 10cps.

Management commentary

Speaking on the results, co-CEO John McBain said:

The Group delivered record operating earnings and distributions throughout the period, following upgraded guidance during the year. Centuria demonstrated how its corporate acquisitions in previous periods have significantly increased the size of the platform with correspondingly high increases in both management fee revenues and transaction fee revenues as is evident in the FY22 result.

What’s next for Centuria?

Adding to previous comments, Mcbain said regarding the company’s outlook:

Centuria remains firmly focussed on the Australasian real estate sector. The Group intends to grow its platform strongly in the alternative healthcare, agriculture and non-bank lending sectors which are receiving strong investor demand.

In addition we will continue to leverage our strong distribution network and our institutional relationships to take advantage of both core and value-add real estate opportunities across our traditional asset classes.

In the past 12 months the Centuria share price is down by more than 38% and 45% this year to date.

The post Centuria Capital share price lifts on 60% profit surge appeared first on The Motley Fool Australia.

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More reading

• Why is ASX 200 gold share St Barbara sliding 10% today?
• Guess which ASX mining share is rocketing 30% on a ‘significant new discovery’
• Treasury Wine share price up amid key China trademark win
• Why is the A2 Milk share price spilling 8% today?
• Why is the GrainCorp share price up 7% today?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Meeka Metals Ltd (ASX: MEK) share price is surging 30% into the green today following a company announcement.

At the time of writing, the ASX mining share is swapping hands at 6.6 cents apiece, up from the previous close of 5 cents per share. Though Meeka Metals shares reached an intraday high of 7.4 cents just before lunchtime, peaking at a massive 48% above yesterday’s close.

What did Meeka Metals announce?

The company advised that, via shallow aircore drilling, it has intersected gold mineralisation of 610,000 ounces at 1.7g/tonne of gold at its Murchison project.

It also reported assays from an additional 38 aircore holes drilled at the Murchison site during July 2022.

Results from the drilling program show broad zones of gold intersection at a prospect within the site. Two holes in particular intersected quartz veins that could host “high grades and coarse nuggety gold”.

Speaking on the results, Meeka Metals managing director Tim Davidson said the find demonstrates the “exceptional growth opportunity” at Murchison.

“Pleasingly,” he added, “these results also demonstrate the significant high-grade potential as we continue to grow the footprint of this large gold system.”

Drilling is continuing at St Anne’s targeting the largely untested central area immediately along strike and to the south of these exceptional high-grade results. We are also working toward the inclusion of St Anne’s in our next Mineral Resource update, targeted for the December 2022 quarter.

Meeka says it will make additional announcements across the coming months with further assay results from Murchison.

In the last 12 months, the ASX mining share has gained nearly 35%, and 61% this year to date.

The post Guess which ASX mining share is rocketing 30% on a ‘significant new discovery’ appeared first on The Motley Fool Australia.

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More reading

• Treasury Wine share price up amid key China trademark win
• Why is the A2 Milk share price spilling 8% today?
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• Up 85% in a month, Lake Resources share price extends gains on Wednesday

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Treasury Wine Estates Ltd (ASX: TWE) share price is currently up around 0.9% after news the company has won a court case in China.

Treasury Wine Estates owns a number of prominent wine labels including Penfolds, Wolf Blass, Squealing Pig, Pepperjack, Blossom Hill, and Yellowglen.

The company sells its wine across the world. The Chinese market is a huge potential opportunity for the business. However, in recent years it has seen its Chinese earnings sink amid trade tariffs on Australian wine.

Yet, it seems there has been a positive development in China.

Chinese win for Treasury Wine

According to reporting by various media, including the Australian Financial Review, Treasury Wine has won a court case in the Supreme People’s Court of China. The court ruled in favour of TWE against Penfolds ‘copycat’ Rush Rich.

The Rush Rich registration of the Chinese character mark for Penfolds Winery was ruled invalid.

According to reporting by the newspaper, the judgement was made on grounds of “bad faith” by Rush Rich and its “illicit conduct in registering a large number of trademarks for a range of global luxury brands” which included Penfolds.

Rush Rich is reportedly a company based in South Australia, but it has entities in China.

According to the AFR, Penfolds managing director Tom King said:

Penfolds has a long and proud heritage in China that’s been protected and nurtured since the first bottle of wine was exported from South Australia to Shanghai in 1893.

He also said that international legal protection gave consumers confidence in the brand. Treasury Wines is taking a “zero tolerance” approach to any infringements.

Why is this so important for the ASX share?

Treasury Wine Estates has noted that China will remain a priority market for the company, through its multi-country of origin portfolio that includes French, US, Chilean, and potentially Chinese-sourced wine.

Indeed, the company’s ambition to get back into China was revealed when it announced in May that it plans to get around the tariffs by producing a wine made in China.

According to reporting by the Australian Broadcasting Corporation, Penfolds will release a Chinese vintage in late 2022. TWE had found “promising characteristics” in grapes sourced from Ningxia, in China’s central-north, and Shangri-la in the south-western Yunnan province.

The ASX share has entered into a strategic cooperation agreement with the China Alcoholic Drinks Association, which is the country’s primary wine industry body. This would allow it to build China’s capabilities in wine.

The ABC quoted CEO Tim Ford:

China is an emerging fine winemaking region and we’re confident we can produce a premium Chinese Penfolds that maintains the distinctive Penfolds house style and uncompromising quality.

As a leading global wine producer, we have a responsibility to help build the wine category and industry in our different markets.

TWE share price snapshot

Over the past month, the Treasury Wine Estates share price has gone up almost 10%.

The post Treasury Wine share price up amid key China trademark win appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The A2 Milk Company Ltd (ASX: A2M) share price is having a day to forget on Wednesday.

This comes after the embattled company provided an update regarding its FDA application to import products into the United States.

During the first few minutes of market open, shares in the infant formula company dropped to an intraday low of $4.60.

However, since then, its shares have moved in circles to currently trade at $4.71, down 7.83%.

Why did the A2 Milk share price fall?

The notice from the US Food and Drug Administration (FDA) to defer further requests to import infant milk formula (IMF) products into the United States is impacting the A2 Milk share price today.

The shock news appears to have caught investors off guard after A2 Milk shares rose more than 10% in the past week.

This followed the recent media speculation that the company was nearing FDA approval, in which management dismissed the report thereafter.

Nonetheless, A2 Milk would have been hoping to receive a similar outcome to its smaller rival, Bubs Australia Ltd (ASX: BUB). The latter secured a deal with the Biden Administration to import 1.25 million tins of baby formula into the United States.

An article from The Australian reported that Wilsons analyst James Ferrier said the FDA decision “could suggest US authorities are becoming more comfortable with the supply situation.”

Earlier this year, US consumers faced an infant formula shortage following potential contamination at one of its largest manufacturing plants.

Ferrier also went on to add:

This is obviously a disappointing outcome for A2 Milk in regards to short-term earnings potential or an opportunity to build brand awareness in the US.

It also creates uncertainty for those who have secured temporary market access, in relation to prospects for more permanent market access beyond November, which is the end date of the policy.

It is worth noting though that while the update may leave a sour taste in investors’ mouths, the revenue outlook remains the same.

Management is expecting to achieve revenue growth this year after reporting a 2.5% decline to $661 million in H1 FY22.

A2 Milk is scheduled to report its full year results on Tuesday 30 August.

Is the A2 Milk share price a buy despite its latest woes?

Despite the setback, a couple of brokers believe that the A2 Milk share price is currently trading at a bargain price.

Wilsons has a market weight rating and a $5.98 price target on the company’s shares. Based on the current price, this implies an upside of around 27%.

Furthermore, Morgans believes A2 Milk shares are worth $6.39 apiece according to its last valuation.

While more bullish than Wilsons’ price target, this implies an upside of 35% for investors.

The post Why is the A2 Milk share price spilling 8% today? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
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• Here’s why the A2 Milk share price just popped then stopped

Motley Fool contributor Aaron Teboneras has positions in A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The GrainCorp Limited (ASX: GNC) share price is surging today amid the company announcing it has increased its earnings guidance for this year.

Shares in the integrated grain agribusiness currently trade for $8.17 each, 6.94% higher after hitting an intraday high of $8.43 a share this morning. That was a jump of more than 10% on yesterday’s closing price.

For context, GrainCorp’s home sector, the S&P/AXS 200 Consumer Staples Index (ASX: XSJ), is currently up 0.9% while the benchmark S&P/AXS 200 Index (ASX: XJO) is down 0.07%.

Let’s find out what the company announced to the market today.

What happened?

GrainCorp upgraded its earnings guidance this morning for the period until September 30 this year.

Estimates for earnings before interest, taxes, depreciation, and amortisation (EBITDA) have been raised to $680-$730 million, well up from the earlier guidance of $590-$670 million.

As well, the company’s net profits after tax (NPAT) guidance was also boosted to $365-$400 million, up from $310-$370 million.

GrainCorp Managing Director and CEO Robert Spurway said: 

We are operating our supply chains at close to full capacity and our teams have done an outstanding job in overcoming disruptions relating to weather and COVID to export 7.9 million tonnes of grain year-to-date. This positive outlook is driving an increase in fourth quarter activity and supporting export volumes, forward contracted grain sales and supply chain margins.

GrainCorp said it will invest in additional bunker storage and grain handling equipment in preparation for the upcoming winter harvest. They are also recruiting additional people to help harvest crops.

GrainCorp share price snapshot

The GrainCorp share price has gained more than 52% in the past 12 months although it is still 1.3% lower year to date.

Its shares are outperforming the benchmark index which contracted around 7% in the last year and 5.6% in 2022 so far.

At the current share price, GrainCorp’s market capitalisation is $1.8 billion.

The post Why is the GrainCorp share price up 7% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Global Lithium Resources Ltd (ASX: GL1) share price is taking off on the back of a record find at the company’s Manna Lithium Project.

Drilling at the project has uncovered the largest single intercept of lithium bearing pegmatite in its history.

The Global Lithium share price is leaping to trade at $1.93 following the company’s announcement. That’s 13.2% higher than it was at Tuesday’s close.

Let’s take a closer look at the news that’s got the market bidding the lithium share higher.

What’s driving the Global Lithium share price today?

The Global Lithium share price is surging on news of the company’s Manna Project.

Reverse circulation drilling at the project returned a major lithium find while further assays have extended the project’s northern strike by 220 metres.

On top of that, ground mapping has identified more large outcropping pegmatites.

The drill program is now focusing on drilling out the extended area so to include results in an updated mineral resources estimate. That estimate is expected to hit the market in the December quarter.

Global Lithium general manager of exploration Stuart Peterson commented on the findings driving the company’s share price higher today, saying:

The Manna Project is continuing to impress with these exceptional results. The north/eastern extension of the deposit is proving to be very encouraging.

It’s been a busy year or so for the company. After floating on the ASX in May 2021, Global Lithium snapped up its 80% hold in the Manna Project for $33 million in December.

Investors who jumped on board the company during its initial public offering (IPO) will be laughing. The stock is currently trading 865% higher than its IPO offer price of 20 cents per share.

It has also gained 69% since the start of 2022 and 408% over the last 12 months.

The post Why is the Global Lithium share price rocketing 13% on Wednesday? appeared first on The Motley Fool Australia.

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• Why are ASX lithium shares having such a top run on Wednesday?
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Lake Resources N.L. (ASX: LKE) share price has extended its gains at midday on Wednesday.

At the time of writing, the Lake share price is trading 6.86% higher at $1.33, down off its intraday high of $1.35 early in the session.

What’s pushing Lake Resources shares higher today?

While there’s been no market-sensitive information released by the company today, investors continue to rally the Lake Resources share price.

This extends gains to almost 85% over the past month of trade for the lithium miner, after reaching six-month lows of 60 cents on 15 July.

The price of lithium is also a weighting factor, as prices for the battery metal still command a premium and are up more than 406% year on year.

Demand for the metal surged in recent weeks following the reopening of Shanghai in China following weeks of lockdowns.

The reopening saw a 129% and 63% annual and monthly increase in electric vehicle sales demand during June.

In addition, metals and mining shares have caught a bid since rolling into the new financial year.

The benchmark S&P/ASX 300 Metals and Mining Index (ASX: XMM) has gained more than 6% this past month.

This momentum has no doubt spilled over onto the Lake Resources share price, as seen in the chart below, along with the price of lithium for the past 12 months.

The post Up 85% in a month, Lake Resources share price extends gains on Wednesday appeared first on The Motley Fool Australia.

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• Why Coronado Global, Lake, Megaport, and REA shares are storming higher
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Could this development further energise ASX lithium shares in FY23?
• Why is the Lake Resources share price powering up 17% today?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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1) The Commonwealth Bank of Australia (ASX: CBA) share price has fallen 1% to around $100 after the banking giant reported cash profits growth of 11% and a full year fully franked dividend up 10% to $3.85 per share.

Volume growth was especially impressive, with double-digit gains in household and business deposits. Net interest margin, a measure of profitability, fell to 1.90%, but CBA expects it to increase in a rising interest rate environment. 

Looking ahead, CEO Matt Comyn expects consumer demand to moderate as cost of living pressures increase, saying it’s a “challenging time.” 

With the CBA share price trading at $100, CBA shares trade on a price-to-earnings ratio (P/E) of 18 times and a fully franked dividend yield of 3.85%. 

Down just 5% in the past 12 months, CBA shares have been a beneficiary of the rush to so-called value stocks and safety.

Yet at today’s valuation, CBA shares look downright expensive, especially given the competitive environment and economic outlook. 

There’s better value elsewhere. 

2) CBA’s premium valuation hasn’t stopped leading listed investment company Australian Foundation Investment Company (ASX: AFI) holding CBA shares as its largest position, with a weighting of 9.2%.

In their defence, given the $8.8 billion size of their portfolio, AFIC has little option but to hold large licks of the largest ASX 200 companies. 

After falling 2% to around $8 in Wednesday trade, the AFIC share price trades at a 12% premium to its net asset value, and trades on a rather paltry 3% fully franked dividend yield. 

Popular amongst retirees, the AFIC is another beneficiary of the so-called flight to safety. There’s much better value elsewhere.

3) GrainCorp (ASX: GNC) shares are definitely cheap.

The integrated grain and edible oils business once more upgraded its earnings guidance, saying for the 12 months ending 30 September 2022, GrainCorp is expecting underlying net profits to be in the range of $365 to $400 million.

Even after the Graincorp share price jumped 7% higher to $8.20 in Wednesday trade, the company is trading on a P/E of less than five times earnings.

A cyclical company that’s dependent on the prevailing weather conditions deserves to trade at a discount. But less than fives times earnings, and a 4.1% fully franked dividend yield? Maybe it’s a little too cheap.

4) In Australian dollar terms, the gold price has had a reasonably good run over the past five years, up around 60%, handily outperforming the very modest 23% gain in the ASX 200 index over the same period.

Despite that, those decent gains in the gold price have not been reflected in the share price of gold mining company St Barbara Limited (ASX:SBM), down 8% today to $1.11 and down a whopping 78% from its 2018 peak.

Gold miners are perennially plagued by lower grades and higher costs, with St Barbara no exception. Why anyone would invest in this unpredictable, capital-intensive industry is beyond me. 

Warren Buffett is not a fan of gold, once saying “what motivates most gold purchasers is their belief that the ranks of the fearful will grow”. 

If I were a shareholder of St Barbara, given its track record of disappointments, I’d be fearful of further downgrades in the future.

5) Speaking of Buffett, Bloomberg reports his Berkshire Hathaway as pouncing on the stock market slump to buy equities.

“Berkshire was a net buyer of equities in 2Q by $US3.8 billion, or $US45.2 billion in 2022, versus a $16 billion net seller in 2020-21.”

It’s typical Buffett, buying the dip. That said, Buffett is hardly going all-in, with Berkshire Hathaway sitting on over $US105m net cash.

Slow and steady wins the race, as do compounding returns. The 91-year-old Buffett has a net worth of over $US100 billion, with over 90% of his wealth amassed since he turned 65 years old. 

Who says you can’t get really rich when you’re old?

The post The CBA share price looks downright expensive appeared first on The Motley Fool Australia.

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Motley Fool contributor Bruce Jackson has positions in Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Imugene Limited (ASX: IMU) share price is soaring on Wednesday.

This comes after the company provided an update on its clinical trial of its oncolytic virotherapy candidate, Checkvacc.

The novel treatment aims to activate the immune system of cancer patients to treat and eradicate tumours.

In late morning trade, shares in the immuno-oncology company are up 11.11% to 30 cents.

What did Imugene announce to the ASX?

In its release, Imugene advised that City of Hope has dosed the first patient from the third group of participants in the Checkvacc phase 1 clinical trial.

City of Hope is one of the largest cancer research and treatment organisations in the United States.

The Checkvacc study is recruiting patients who suffer from triple negative breast cancer (TNBC).

Further, the primary goal of the study is to determine safety limits and decide on the optimal dosage of Checkvacc against metastatic TNBC.

Imugene noted that the current trial design involves a dose escalation. Thereafter, an expanded group of 12 patients will receive the final dose.

Commenting on the update, Imugene managing director and CEO Leslie Chong said:

We are pleased with the continued progress being made in this trial as we dose the first patient in cohort 3.

From cohorts 1 & 2 we’ve continued to see early positive results in oncolytic virus infection and replication in the TNBC tumours and importantly there remains no observed toxicity.

Checkvacc has the potential to improve clinical response and survival in this indication where there are currently no meaningful treatments, and we are eager to deliver on that.

Imugene share price snapshot

Despite climbing 30% in the past month, the Imugene share price has fallen 25% in 2022.

The company’s shares hit a 52-week low of 13 cents on 14 June, before gradually moving higher.

Imugene presides a market capitalisation of approximately $1.58 billion.

The post Imugene share price lifts 11% on clinical trial update appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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